Post Utme Ksu 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_KSU • 2023 • ACCOUNTING • objective

A company purchased a machine for ₦ 15,000. The machine has a useful life of 5 years and a residual value of ₦ 3,000. Calculate the annual depreciation using the reducing balance method.

Answer Options

Correct Answer A. ₦ 2,400
B. ₦ 2,700
C. ₦ 3,000
D. ₦ 3,600
Correct Answer
A
Correct Option:
₦ 2,400

About This Question

This is Post Utme Ksu 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

View More Post Utme Ksu 2023 Accounting Questions More Post Utme Ksu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support